Shares of SolarWinds Co. (NYSE:SWI - Get Free Report) have been given a consensus recommendation of "Hold" by the five ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $14.00.
A number of analysts have recently weighed in on the stock. Robert W. Baird raised their price target on shares of SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Scotiabank began coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a "sector perform" rating and a $13.00 target price on the stock.
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SolarWinds stock opened at $13.32 on Wednesday. SolarWinds has a 12-month low of $10.14 and a 12-month high of $14.02. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 60.55 and a beta of 0.96. The firm's fifty day moving average price is $12.99 and its 200 day moving average price is $12.37.
SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. On average, research analysts forecast that SolarWinds will post 0.74 EPS for the current fiscal year.
In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the company's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the completion of the transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. This represents a 8.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 16,000 shares of SolarWinds stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares in the company, valued at approximately $1,166,692.41. This represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock valued at $4,703,780 in the last quarter. Insiders own 1.95% of the company's stock.
Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock worth $27,000 after buying an additional 1,603 shares in the last quarter. nVerses Capital LLC acquired a new position in SolarWinds during the 2nd quarter worth $41,000. Allworth Financial LP increased its holdings in shares of SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker's stock valued at $49,000 after purchasing an additional 3,331 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SolarWinds during the second quarter valued at about $58,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock worth $66,000 after purchasing an additional 1,001 shares during the period. Institutional investors and hedge funds own 93.96% of the company's stock.
SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.
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